State Bank Of Hyderabad Raichur Raichur Karnataka MICR CODE

Find MICR Codes for State Bank Of Hyderabad Raichur Raichur Karnataka

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MICR Code
Bank State Bank Of Hyderabad
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Teen Khandil Circle Branch
Contact 8884458479
Bank Details State Bank Of Hyderabad Teen Khandil Circle Branch SBHY0021981
Location Raichur, Raichur
City Raichur
District Raichur
State Karnataka
Pincode 584101
Country IN
Address Hno 4 11 6 3a 4a 5a first floor teen khandil ashoka road raichur karnataka 584101
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Teen Khandil Circle Branch branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of SBHYD Bank, Teen Khandil Circle Branch branch makes the system almost error free and faster. Use of SBHYD Bank MICR codes for Teen Khandil Circle Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for State Bank Of Hyderabad Teen Khandil Circle Branch

State Bank Of Hyderabad MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SBHYD Bank MICR code for Teen Khandil Circle Branch is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of State Bank Of Hyderabad for Teen Khandil Circle Branch branch. MICR code for Teen Khandil Circle Branch branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for SBHYD Bank Teen Khandil Circle Branch is presented in the table alongside.

Use of SBHYD Bank MICR code for Teen Khandil Circle Branch branch in raichur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Teen Khandil Circle Branch and SBHYD Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of State Bank Of Hyderabad is typically in either of these two font’s: E-138 and CMC-7.

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